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Fundamental analysis of the Forex market in South Africa

Fundamental analysis is one of the most complicated and at the same time critical methods of the Forex analysis. A special emphasis in this method is put on reports made by key persons of global economic arena. One of such persons is Mario Drahgi – the European Central Bank President.

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Fundamental analysis of the Forex market in South Africa

Forex fundamental analysis is a complex and thorough method of predicting the situation on the international currency market. Unlike technical analysis, which takes into account only fluctuations in the exchange rate, fundamental analysis proceeds from the fact that many factors affect the value of a currency.

The results of the fundamental analysis of the Forex market in Africa and the conclusions of analysts will be useful for traders who trade currencies of African countries.

Complex of factors for fundamental analysis of the Forex market in Africa.

Fundamental analysis is carried out by leading analysts and experts of the Forex market in Africa. In order to make the most accurate and detailed forecast, they take into account a combination of factors. These factors can be divided into 4 groups:

Economic factors - the current economic situation, the forecast of growth or decline in GDP, trends in the main sectors of the economy in African countries;
Political factors - presidential and parliamentary elections, political scandals and confrontations, issues in international politics that may affect the countries of Africa;
Social factors – unemployment rate, public sentiment, population expectations;
Force majeure - natural disasters, wars, epidemics and other developments that can significantly affect the exchange rate of currencies of African countries.

After analyzing the whole range of factors, analysts make a forecast of the exchange rate of currencies of African countries. The accuracy of this forecast is very high for countries in which the political and economic situation is stable. Force majeure factors are the most difficult to predict in fundamental analysis. Natural disasters, social unrest, power grabs are hard to foresee. But these catastrophes greatly affect the exchange rates.

Benefits of Fundamental Analysis for Forex Traders.

Fundamental analysis of the Forex market in Africa will be useful for traders and investors. The conclusions and forecasts of experts will allow you to make the right decision to buy or sell a particular currency. After reviewing the results of the analysis, traders will be able to conclude profitable deals or get rid of the currency in time, the rate of which will soon begin to decline.

Also, forecasts and conclusions obtained by the method of fundamental analysis are necessary for investors. This forecast has the highest accuracy and reliability. It will be of interest to market participants earning on long-term investments at the currencies of the countries of Africa.

18 - 22 March	weekly forecast 18 - 22 March Good signal for the oil market!
2019	EURUSD	GBPUSD	USDJPY
22 March	Correction of the Euro EURUSD trading plan: Do not be upset by the correction of the Euro. The value of the dollar will decline. The FOMC announced the purchase of Treasury bonds on Wednesday. FED buys bonds from October 1. The program to stimulate the economy always has a negative impact on the national currency. Invest More	Positive news GBPUSD trading plan: The Bank of England left its key interest rate unchanged as expected. Recent data have shown inflation still below the BoE target rate. The data confirmed that wages rose at their fastest pace since the financial crisis. British business has adapted to Brexit. Retail sales grew More	The bull rally in the US stock market USDJPY trading plan: IPO Levi Strauss provoked a bull rally in the US stock market! The company's shares rose 25% on Thursday. Investors are optimistic about the United States stock market. FOMC promises not to raise interest rates - this is a good signal for the stock market! The Japanese yen is t More
21 March	Highest level in the last five weeks	Good and bad news	Negative signal for the dollar!
20 March	FOMC will support the euro	Positive macroeconomic statistics from the UK	Good news and bad news
19 March	Positive macroeconomic statistics	Policy once again controls the UK foreign exchange market	The uptrend in the U.S. stock market
18 March	Negative macroeconomic statistics from the United States	The confusing trend	The American economy is not gaining momentum

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Fundamental analysis of the Forex market in South Africa

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